Small Business Capital Solutions

 

The process of obtaining financing for a small business can be daunting, but if you consult the experts, you can get the funding you need. These professionals can help you navigate the world of financial intermediaries, including banks, credit unions, and private lenders. Ted Meredith, President of Small Business Capital Solutions, is a seasoned commercial lender with more than 30 years of experience. He is an expert in commercial finance, marketing, sales enablement, data analytics, pricing, and profit and loss management.

Capital Solutions was founded by Jan Roberts and Nicole Reed, two commercial lenders specializing in small business loans. They saw a need for specialized resources and training to help business owners obtain financing from the SBA. They launched Small Business Community Capital (SBCC), which partnered with the owners and management teams of SMEs to provide growth capital, acquisition, and buyout financing. The company also provides junior capital for small businesses.

Working capital loans are important for businesses that need short-term financing for day-to-day expenses. However, they should not be used for long-term investment or equipment purchases. A term loan is the best option for such purposes. Working capital loans are available from traditional banks as well as online lenders. Choose the right lender for your business.

Other sources of small business capital include non-traditional lenders and certified community development financial institutions. Both types of lenders will require an online application and credit check, but non-traditional lenders may offer faster turnaround times. These lenders are often mission-based and provide loans to entrepreneurs who otherwise may not qualify for a traditional loan.

Small businesses should carefully consider their cash flow when evaluating a loan. Most lenders use cash flow as the primary criterion for determining repayment ability. For this reason, it is important to understand your cash flow and anticipate how it will change over time. If you anticipate that your cash flow will fluctuate significantly in the future, you should consider a small business loan that will take into account these changes.

Small business loans are a vital component of any business's growth. Without adequate financing, entrepreneurs cannot start a new venture or expand an existing one. For this reason, the Committee on Small Business and Entrepreneurship is dedicated to ensuring that entrepreneurs have the means to secure the capital they need. However, obtaining small business capital can be challenging. Many financial institutions require an existing business to be in business for years or have established a good credit history.

While it may seem tempting to rely on a merchant cash advance to obtain working capital, this type of financing is often associated with high interest rates and requires regular ACH withdrawals. This can have an adverse impact on cashflow for small businesses, so make sure to read the fine print and consult a business adviser before applying for one. You can also seek the advice of other small business owners. And don't forget to ask for references!

SBA-guaranteed loans are another way to obtain financing for a small business. These loans are backed by the U.S. Small Business Administration, and thus reduce the risk for banks. Another way to get financing is through SBICs, which are privately owned investment funds licensed by the SBA.